Seven Generations reported 2Q19 volumes of 201,800 boe/d, a result which was 2%-3% higher than both the Street and GMPFE at 198,300 boe/d and 197,436 boe/d, respectively, as condensate volumes outpaced expectations by 3%. AFFO of $355 mm, or $1.00/sh, topped the consensus outlook of $337 mm by 5%, and further beat our call of ~$333 mm by 7%, as lower production costs took hold, an operationally efficient result the company believes is the new status quo.
31 Jul 2019
2Q19 results post a clean beat on lower than anticipated capital spending
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2Q19 results post a clean beat on lower than anticipated capital spending
- Published:
31 Jul 2019 -
Author:
Cody R. Kwong -
Pages:
8
Seven Generations reported 2Q19 volumes of 201,800 boe/d, a result which was 2%-3% higher than both the Street and GMPFE at 198,300 boe/d and 197,436 boe/d, respectively, as condensate volumes outpaced expectations by 3%. AFFO of $355 mm, or $1.00/sh, topped the consensus outlook of $337 mm by 5%, and further beat our call of ~$333 mm by 7%, as lower production costs took hold, an operationally efficient result the company believes is the new status quo.